2011 BS 1st Qtr GF

Written by Francis Gerlyn Tronco-Carasco Friday, 08 April 2011 00:00

Republic of the Philippines
Province of Iloilo
Municipality of Cabatuan

BALANCE SHEET
As of March 31, 2011

GENERAL FUND

ASSETS
Current Assets
	Cash		P	16,571,046.31
	Receivables			6,438,147.16
	Inventories			23,999.20
	Prepayments			-
	Other Current Assets			-
		Total Current Assets	P	23,033,192.67
Investments
	Investment in Securities		P	15,813.37
	Sinking Fund			-
		Total Investments	P	15,813.37
Property, Plant and Equipment (net of Depreciation)
	Land andLand Improvements		P	6,400,512.19
	Buildings			38,297,714.48
	Leasehold Improvements			-
	Office Equipment, Furniture and Fixtures			4,099,899.09
	Machineries and Equipment			14,514,225.60
	Transportation Equipment			2,301,515.83
	Other Property, Plant and Equipment			243,777.15
	Motor Vehicles
	Public Infrastructures			453,956.00
	Reforestation Projects			-
	Construction in Progress			933,060.75
		Total Property, Plant and Equipment	P	67,244,661.09
Other Assets				23,374.00
TOTAL ASSETS			P	90,317,041.13

LIABILITIES AND EQUITY
LIABILITIES
Current Liabilities			P	2,050,798.06
Long-Term Liabilities				210,087.00
Deferred Credits				5,593,567.06
	Total Liabilities		P	7,854,452.12
EQUITY
	Government Equity, Beg.		P	76,535,977.45
	Add/Deduct:
		Retained Operating Surplus		8,706,137.27
		Prior Year's Adjustments		(2,779,525.71)
		Transfers to Registry		-
	Government Equity, End		P	82,462,589.01
TOTAL LIABILITIES AND EQUITY			P	90,317,041.13

2011 IS 1st Qtr GF

Written by Francis Gerlyn Tronco-Carasco Friday, 08 April 2011 00:00

Republic of the Philippines
Province of Iloilo
MUNICIPALITY OF CABATUAN

STATEMENT OF INCOME AND EXPENSES
For the Period Ended March 31, 2011

GENERAL FUND


Income:
	Local Taxes	P	4,031,144.58
	Permits and Licenses		185,439.30
	Service Income		263,779.65
	Business income		576,401.46
	Other Income		17,645,509.05
	Total Income	P	22,702,274.04
Less: Expenses
	Personal Services	P	9,086,483.46
	Maintenance & Other Operating Expenses		4,691,461.31
	Financial Expenses		-
	Total Expenses		13,777,944.77
Operating Income		P	8,924,329.27
Income before Subsidies and Extraordinary Income
Add: Subsidies from LGUs	Subsidies from LGUs		-
	Subsidies from Other Funds		-
	Subsidies from Other Special Accounts		-
	Total	P	8,924,329.27
Less: Subsidies to Other LGUs	Subsidies to LGUs		218,192.00
	Subsidies to Other Funds		-
	Subsidies to Other Special Accounts		-
Income before Extraordinary Income		P	8,706,137.27
Add: Extraordinary Items			(2,779,525.71)
NET INCOME		P	5,926,611.56

Written by Francis Gerlyn Tronco-Carasco Friday, 08 April 2011 00:00



Republic of the Philippines
Province of Iloilo
MUNICIPALITY OF CABATUAN

STATEMENT OF CASH FLOWS
For the Period Ended March 31, 2011

GENERAL FUND

Cash Flows from Operating Activities:
	Cash Inflows:
		Collection from taxpayers	P	587,175.45
		Share from Internal Revenue Colections		17,636,712.00
		Receipts from sale of goods or services		4,041,944.80
		Interest Income		-
		Dividend Income		-
		Other Receipts		4,049,852.09
		Total Cash Inflow	P	26,315,684.34
	Cash Outflows:
		Payments -
		To suppliers/creditors	P	18,106,030.38
		To employees		3,476,846.39
		Interest Expense		-
		Other Expenses		170,842.00
		Total Cash Outflow	P	21,753,718.77
	Net Cash from Operating Activities		P	4,561,965.57
Cash Flows from Investing Activities:
	Cash Inflows:
		From Sale of Property, Plant and Equipment	P	-
		From Sale of Debt Securities of Other Entities		-
		From Collection of Principal on Loans to Other Entities		-
		Total Cash Inflow	P	-
	Cash Outflows:
		To Purchase Property, Plant and Equipment	P	190,867.00
		To Purchase Debt Securities of Other Entities		-
		Total Cash Outflow	P	190,867.00
	Net Cash from Investing Activities		P	(190,867.00)
Cash Flows from Financing Activities:
	Cash Inflows:
		From Issuance of Debt Securities	P	-
		From Acquisition of Loan		-
		Total Cash Inflow	P	-
	Cash Outflows:			-
		Retirement/Redemption of Debt Securities	P	-
		Payment of Loan Amortization		-
		Total Cash Outflow	P	-
	Net Cash from Financing Activities		P	-
Net Increase in Cash			P	4,371,098.57
Cash at Beginning of the Period				12,199,947.74
Cash at the End of the Period			P	16,571,046.31